Jarvis, Inc.reported net income of $34,000 for the year ended December 31, 2011.Included in net income was a gain on early extinguishment of debt of $60,000 related to bonds payable with a book value of $1,200,000.Each of the following accounts increased during 2011:

What is the amount of cash used by financing activities for Jarvis, Inc.for the year ended December 31, 2011?

Question

Jarvis, Inc.reported net income of $34,000 for the year ended December 31, 2011.Included in net income was a gain on early extinguishment of debt of $60,000 related to bonds payable with a book value of $1,200,000.Each of the following accounts increased during 2011:

What is the amount of cash used by financing activities for Jarvis, Inc.for the year ended December 31, 2011?

Quizplus · Accepted Answer

The Answer of Jarvis, Inc.reported net income of $34,000 for the year ended December 31, 2011.Included in net income was a gain on early extinguishment of debt of $60,000 related to bonds payable with a book value of $1,200,000.Each of the following accounts increased during 2011:

What is the amount of cash used by financing activities for Jarvis, Inc.for the year ended December 31, 2011?